The Housing Bank of Senegal (French: Banque de l'Habitat du Sénégal) is a financial institution that is a major actor in the housing finance market in Senegal. In 2013, it held about 30% if mortgage related loans in Senegal.[1] Minority owned by the government, it strives to provide funds to developers, housing cooperatives and individuals for development of affordable housing in Senegal.
Native name | Banque de l'Habitat du Sénégal |
|---|---|
| Company type | Development finance institution |
| Industry | Financial services |
| Founded | 1979 |
| Headquarters | , |
| Products | Mortgages |
| Owner | Partially state owned |
| Website | www |
The bank offers financial incentives to housing cooperatives in the form of favorable rates. By the 2000s, the bank had given out over $409 million in its 30 year existence.[2]
History
editFounded in 1979 as a private - public venture, it began operation in March 1980. A primary objective was to mobilize savings for long term investments in mortgage related lending to lower and middle income earners.[3] Funds were transferred over a ten year period from an earlier initiative for urban development, a government treasury funded plan for the improvement of housing and urban development.[4]
References
edit- ^ "Housing Investments Landscapes: Senegal Country Report" (PDF). 2019.
- ^ "Un Habitant Sector Profile of Housing in Senegal" (PDF). 2012.
- ^ "World Bank report" (PDF). 1981.
- ^ "Staff Appraisal Report: Senegal Municipal and Housing Development". 1988.